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Page 1
Public
Expose
PT Matahari Putra Prima Tbk
(MPPA)
17 February 2026
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 2
1 Executive Summary
2 Company Performance
3 Business Updates
4 Other Information
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 3
Executive Summary
Resilient operating performance with improving margins, positioning the Company for Sustainable Growth
▪ MPPA delivered resilient operating performance, with Net Sales Building on the progress achieved in the turnaround phase, MPPA will
increasing by 1.9% and Gross Margin expanding by 2.8% continue its growth momentum through a more sustainable and disciplined
compared to the previous period. The growth was driven by approach, anchored on following strategic pillars:
strong e-commerce momentum, the turnaround of Jabodetabek
stores and continued expansion and demand growth in eastern Integrated Retail Platform
region. Margin improvement reflected stronger contribution from Reinforces an agile, end-to-end retail ecosystem to enhance customer
core food and grocery categories. experience through relevant products, competitive pricing, and consistent
service standard.
▪ Performance across regions remained mixed. Eastern Indonesia
and Sulawesi recorded solid growth, demonstrating the Selective and Efficient Expansion
effectiveness of the Company’s territory-based strategy. This Expanding through capital-efficient models, leveraging strong supply chain
was partially offset by softer performance in Kalimantan and capabilities and focusing on underserved high-potential territories
Sumatera, where operational improvements are currently Membership, Loyalty and Omnichannel Growth
underway. Accelerating digital channels, creating seamless online-to-offline
experience by strengthening its loyalty ecosystem and delivering more
▪ Operating Expenses increased by Rp42.7 billion, in line with sales
personalized offers to drive engagement and retention
growth and rebranding initiatives. Cost discipline and continuous
productivity improvement remained central to the Company’s New Format and Product Innovation
operational enhancement efforts. As a result, Opex-to-Sales ratio Developing new retail formats and product innovations to reach untapped
remained relatively stable at 17.1%, compared to 16.8% in the segments to reinforce a differentiated value proposition.
previous period.
Enablers : AI and Digital Transformation
▪ Operating Profit stood at Rp26 billion, remaining positive despite These initiatives are supported by AI and digital transformation as core
higher investment in long-term growth initiatives. The Company enabler, positioning the Company to transition from turnaround into a
recorded net loss at Rp152 billion, an increase of Rp34billion, more scalable and sustainable growth phase, while continuing to improve
primarily due to non-operational deferred tax write-off. profitability and return on capital over the medium term.
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 4
1 Executive Summary
2 Company Performance
3 Business Updates
4 Other Information
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 5
Financial Summary
Sales growth and margin improvement strengthen the Company’s fundamentals for sustainable growth.
ANNUAL Q4
In Billion IDR
2025 2024 Var 2025 2024 Var
Net Sales 7,253 7,118 1.9% 1,779 1,677 6.1%
SSSG % 0.8% 4.2% 0.2% 6.4%
Gross Profit 1,267 1,232 2.8% 337 306 10.2%
Margin % 17,5% 17.3% 18.9% 18.2%
OPEX (1,241) (1,198) 3.6% (316) (278) 13.5%
Percentage to sales % -17.1% -16.8% -17.7% -16.6%
Operating Profit 26 34 -23.1% 21 28 -29.0%
Margin % 0.4% 0.5% 1.2% 1.6%
Net Income (Loss) (152) (118) 28.9% (60) (26) N/A
Margin % -2.1% -1.7% -3.4% -1.5%
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 6
Financial Performance
Sales growth and margin performance are supported by store optimization and a stronger customer value proposition.
Net Sales (in IDR Bn) Gross Profit (in IDR Bn) Net Loss (in IDR Bn)
FY 2024 FY 2025
+2.8%
+1.9%
7,118
7,253 1,209
1,232 1,232
1,267
6,918
7,118
(118)
FY 2024 FY 2025 (152)
FY 2024 FY 2025 -3.4%
▪ Net Sales FY2025 recorded at ▪ Gross Profit FY2025 reached ▪ Net Loss FY2025 recorded
Rp7.2 trillion above last year by Rp 1.3 trillion, a 2.8% increase from Rp152 billion, increased Rp34
1.9%, reflecting modest demand last year, reflecting stronger billion, resulting from non-
improvement despite challenges in contribution from core food and operational deferred tax write-
consumption and buying power grocery categories off
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
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Financial Performance
Operational performance remained resilient amid sales growth.
Net Sales Gross Profit
In IDR Bn
7,118 +1.9% 7,253 1,232 1,267
+2.8%
1,975 2,109 319
1,811 309 298 306 324 337
1,654 1,677 1,701 1,779 294 312
1,664
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
Operating Expenses Operating Income
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
(315) (303) (303) (278) (314) (297) (315) (316)
4 7 28 10 21
16.8% 17.1% (4) (3) (3)
+0.2% +0.4% -0.3% +1.6% +0.5% -0.2% -0.2% +1.2%
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 8
Integrated Retail Approach
Jabodetabek & Java remains the core, while East Indonesia delivers the fastest growth
Sales Contribution by Region FY 2025 Sales Growth by Region FY 2025
+1.9%
8%
11%
Jabodetabek & Java
East Indonesia +14,0%
11% 55% -10,3% -1,8%
Kalimantan +4,7%
Sumatra
16%
Sulawesi Jabodetabek & East Kalimantan Sumatera Sulawesi
Java Indonesia
▪ 55% of Sales are generated from Jabodetabek and Java followed by East Indonesia at 16%
▪ East Indonesia and Sulawesi grew by 14.0% and 4.7% in 2025
▪ Kalimantan and Sumatera sales contracted
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 9
Financial Summary
Strengthening working capital management to support growth.
ASSET LIABILITY & EQUITY
In Billion IDR FY2025 FY2024 In Billion IDR FY2025 FY2024
Cash and equivalent 249 255 Bank loan 795 600
Accounts payables 1,303 1,152
Other receivables 293 255
Lease liabilities 763 887
Inventory 1,414 1,210 Other liabilities 734 771
Total Liabilities 3,595 3,410
Fixed assets 389 419
Share capital 2,915 2,915
Right-of-use assets 655 770 Retained earnings (2,919) (2,765)
Other assets 593 651 Total Shareholders’ Equity (2) 150
Total Asset 3,593 3,560 Total Liabilities & Equity 3,593 3,560
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 10
Operational Performance
Strengthening our operational footprint through a diversified portfolio of retail formats.
98 stores 19 stores
38 stores
4 stores
13 stores 23 stores 22 stores
1 store
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 11
1 Executive Summary
2 Company Performance
3 Business Updates
4 Other Information
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 12
Strategy on Page . . .
Momentum rising toward sustainable growth
Integrated Selective & Membership, New Format
Retail Efficient Loyalty & & Product
Approach Expansion Omnichannel Innovation
Enhance customer Leveraging strong Reach untapped
Build a seamless
experience at every supply chain segments and
online-to-offline
step of the shopping capabilities in strengthen value
shopping experience
journey underserved areas proposition
Digital & AI Transformation
Accelerating operational efficiency, collaboration, and decision-making through technology
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 13
Integrated Retail Approach
A focused territory strategy is fueling growth across key regions with strong momentum
Each territory cater to local customer demand and business requirement
Greater Jakarta & Java Sumatera Kalimantan Sulawesi East Indonesia
White space expansion &
Volume, omnichannel growth and Emerging growth Emerging growth
White space expansion margin engine
leads premium experience platform platform
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 14
Membership, Loyalty &
Omni-channel
Scaling reach and profitability across marketplace and on-demand
platform
Grow channels in balance, Intensify acquisition of App
maximize platform marketing users in-store and Hicard users
Continue development of
Improve basket mix & margin UI/UX* for differentiated
experience
Operational excellence
*UI: User Interface | UX: User Experience
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 15
New Format & Product Innovation
A standalone bakery concept offering handcrafted, freshly baked breads,
cakes, and pastries inspired by local flavors, while expanding product
innovation and creating an additional sales channel alongside its existing
retail network.
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 16
New Format & Product Innovation
As a proximity-based hard discount store with an “everyday low prices” concept to meet
household needs quickly, efficiently, and affordably, with 39 stores in operation by the end
of 2025 across Jakarta, Tangerang, South Tangerang, and Purwakarta.
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 17
New Format & Product Innovation
A shoppertainment-first, omnichannel shopping theme-park concept that
transforms the physical store into an immersive, rotating ecosystem of themed
zones, brand collaborations, and community-driven experiences
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 18
AI & Digital Transformation
• AI Transformation to
enhance operational
efficiency and decision-
making quality
• Digitalization on operation
activities to strengthen
collaboration and workplace
productivity
• Revamping Supplier Portal
with AI to improve
transparency and supplier
partnership effectiveness
• Data Transformation with AI
to generate more accurate
and actionable insights
• Supply Chain
Transformation to
strengthen supply chain
reliability and fulfillment
accuracy
• AI Cyber Security to
safeguard the Company’s
systems and data security
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 19
1 Executive Summary
2 Company Performance
3 Business Updates
4 Other Information
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 20
Information on Use of Proceeds from Limited Public Offering VI
Reported to OJK through letter No. 041/X/2025-CSExt dated October 2, 2025
Plan for Use of Realized Use of
Type of Public Offering: (in billion Rupiah)z
Proceed Fund
Limited Public Offering VI in connection with the issuance of
Pre-emptive Rights (HMETD).
To pay partially the principal of the
Effective Date: Company's loan to PT Bank Negara
105 105
November 26, 2021 Republik Indoneia (the Company)
Tbk.
To pay partially the principal of the
Company's loan to PT Bank CIMB 45 45
Amount of Realization of Public Offering Proceeds
Niaga Tbk.
(in billion Rupiah)
Capital Expenditure 75 75
Amount of Proceed from Public Offering 720
Working Capital 491 491
Cost of Public Offering After Tax (4)
TOTAL 716 716
Net Realization 716
Remaining Fund as of December 31, 2025: Rp0,-
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 21
Rebranding
Hypermart
In 2025, Hypermart unveiled a
new visual identity symbolizing
sustainable growth and a
stronger emotional connection
with customers, highlighted by
an infinity ribbon logo with a
golden smile. The rebranding
reflects a broader
transformation across service,
store refresh, product curation,
and culture through the Golden
Smile Movement, reinforced by
the tagline “Belanja Bikin Happy”
to put customer happiness at the
center of the shopping
experience.
Page 22
PT MATAHARI PUTRA PRIMA TBK.
Hypermart Cyberpark, Lt. UG
Jl. Sultan Falatehan, Lippo Karawaci Utara
Tangerang, Banten 15138
Telepon: +62 21 5081 3000
E-mail : corporate.communication@hypermart.co.id
Website : https://mppa.co.id/
DISCLAIMER:
This presentation has been prepared by PT Matahari Putra Prima Tbk (“MPPA” or the “Company”) for informational purposes only. Neither this presentation
nor any part of its contents may be reproduced, disclosed, or used without the Company’s prior written consent.
This presentation may contain forward-looking statements that represent the Company’s current views regarding possible events and future financial plans.
These views are based on current assumptions, exposed to various risks, and subject to material change at any time. Actual results may differ materially
from those projected.
The information contained herein is current only as of its date and shall not, under any circumstances, create any implication that the information contained
in this presentation is accurate as of any time after such date or that there has been no change in MPPA’s financial condition since such date. This
presentation may be updated from time to time and MPPA undertakes no obligation to publish any amendments or supplements to this presentation.
MPPA disclaims any responsibility or liability that may arise or be incurred by any person as a result of reliance on all or any part of the contents of this
presentation. Neither MPPA nor any of its affiliated companies, nor their respective employees and agents, accepts any responsibility for any errors,
omissions, or otherwise in this presentation, or for any inaccuracies or incompleteness that may occur.
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Page 23
Thank
You
© PT Matahari Putra Prima Tbk • Public Expose FY 2025
Names mentioned 4 people and organisations named in the text · linked when the evidence is strong
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org
Fund Limited
p.20
unresolved
org
Public Offering Proceeds Niaga Tbk.
p.20
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